Search results
Results from the WOW.Com Content Network
The court could dismiss your case or change it to Chapter 7 if you’re late on your Chapter 13 payment. You can request a payment reduction or amendment if you’ve faced an unexpected financial ...
Types of bad-faith bankruptcies include those in which a new company is created for the purpose of filing bankruptcy, and when a company uses bankruptcy for an improper purpose, such as reducing debts that it would be able to pay outside of bankruptcy. [1] When a court rules that a bankruptcy was filed in bad faith and dismisses it, the company ...
The oldest federal civil building in Texas, the 1861 Customs and Courthouse in Galveston, once housed the Southern District of Texas. Federal Courthouse in Galveston that housed the court & its predecessor, from 1891–1917 [2] Since its foundation, the Southern District of Texas has been served by forty-one District Judges and six Clerks of Court.
Originally, bankruptcy in the United States, as nearly all matters directly concerning individual citizens, was a subject of state law. However, there were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...
Court filing fees: The standard filing fee for a Chapter 13 bankruptcy is $313. Post-filing debtor education: A debtor education course is also mandatory after filing, and fees generally range ...
The court could dismiss your case or change it to a Chapter 7 if you’re late on your payment. You can request a payment reduction if you’ve been faced with an unexpected financial hardship.
The disadvantage of filing for personal bankruptcy is that, under the Fair Credit Reporting Act, a record of this stays on the individual's credit report for up to 7 years (up to 10 years for Chapter 7); [5] still, it is possible to obtain new debt or credit (cards, auto, or consumer loans) after only 12–24 months, and a new FHA mortgage loan just 25 months after discharge, and Fannie Mae ...
Loss of assets: Under Chapter 7 bankruptcy, non-exempt assets such as homes, cars or other valuable items may be liquidated to pay off creditors. While certain assets are protected, this process ...